SEC Crypto Task Force meets Offchain Labs on Layer 2 regulation

The Crypto Task Force of the United States Securities and Exchange Commission (SEC, the U.S. securities regulator) met with Offchain Labs, Inc. and Arktouros PLLC on August 20, 2026, to discuss crypto asset regulation. Offchain Labs requested the meeting in a letter focused on Layer 2 blockchain technologies (networks that scale a base blockchain) and their intersection with federal securities laws. The proposed agenda covered differences between Layer 1 and Layer 2 networks, Layer 2 architecture, Ethereum scaling, the benefits of Layer 2 systems, and sequencers (systems that order and batch transactions). Offchain Labs originally developed the Arbitrum stack and continues to contribute to the Ethereum scaling software. The meeting followed an August 12, 2026 session involving WisdomTree, Inc. and Thorn Run Partners LLC on tokenized fund regulation, wallet onboarding, and commission rulemaking and guidance. The SEC released no further details on the substance of the August 20 discussion beyond the submitted document and stated topics.

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